Restaurant, Coffee Shop & Pub Franchise opportunities to start in Watford
Opening a franchise business in Watford
Located in the East of England, Watford is an area with business opportunities on the rise. If working as your own boss with a team behind you sounds appealing, have a look at our franchising options in Watford and take the first step towards managing your own business. We offer franchise investment opportunities in many different sectors. Why not check out the sector that appeals to you the most?
There are approximately 97,000 people currently living in Watford. The 20-39 age range makes up the majority of the population. Residents in the area earn £32,481 per year on average. This income is slightly higher than the country's average gross salary, which reaches just over £30,500.
Does the Restaurant sector appeal to you?
Across the United Kingdom, there are currently 88 opportunities to run your own franchise in the Restaurant sector. You will find four Halal franchises, two Bubble Tea franchises, three Pub & Bar franchises, 14 Takeaway franchises and four Pizza franchises offering the opportunity to invest. Explore our available brands to find a potential match. Moreover, the number of people currently employed in a specific industry gives an indication of how dynamic it is. In the Watford area, 4,500 people are employed by Hospitality and Food Services companies.
Three franchises that might interest you
The Restaurant sector has many franchise options available, such as Wok&Go. By joining its network of 26 franchisees, you could play a part in this brand's success. To start your own Wok&Go franchise, you will need to invest £200,000, of which at least £100,000 should be your own personal investment. You could apply for a loan to help cover the remaining startup costs. The higher startup costs make this an opportunity best suited for most established franchisees with greater access to financial resources. You will also need to invest in a large premises to operate this business. You could also benefit from financial assistance, if eligible.
Take a look at Bella Italia. By joining its current 100 franchisees, you would be joining a growing brand network. Opening a Bella Italia business requires a significant initial investment of £700,000. At least £350,000 should come from your own personal investment. Due to the higher startup costs, this option is not recommended for first-time franchisees. A large premises will also be required to operate this business.
Finally, another option to consider is Las Iguanas. There are 55 outlets open so far, and the network is expanding. This business opportunity requires a significant initial investment of £700,000. You could get a loan to help cover startup costs, in which case your personal investment will generally need to cover 30 to 50% of the total investment. Las Iguanas requires a minimum personal investment of £350,000. Given these higher startup costs, this opportunity is less suitable for first-time franchisees. A large premises will also be required to operate this business. If you choose to invest in this franchise, financial aid is available, providing you meet the eligibility criteria. See eligibility details on our website.
If you are interested in the Restaurant industry and would like to learn more about its available franchising opportunities, look into the 88 businesses currently recruiting franchisees in the sector. You will find a total of almost 250 franchise possibilities here on Point Franchise. So if you haven't settled on one sector yet, take your time and explore all the options.
NOMIS and the ONS provided the data shown on this page. This text was automatically generated by LabSense.